Sydney Lockdown Extended By 4 Weeks As Australia COVID-19 Cases Spike

By Administrator_ India Capital Sands The Australian city of Sydney extended a lockdown by four weeks on Wednesday after an already protracted stay-at-home order failed to douse a COVID-19 outbreak, with the authorities warning of tougher policing to stamp out non-compliance. Far from a planned exit from lockdown in three days, the city of 5 million people and neighboring regional centers spanning 200 km (120 miles) of coastline were told to stay home until August 28 following persistently high case numbers since a flare-up of the virulent Delta variant began…

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Asian Stocks Up Following U.S. $579 Infrastructure Deal

By Administrator_ India Capital Sands Asia Pacific stocks were up Friday morning after a U.S. $579 billion infrastructure deal boosted investor sentiment and sent U.S. shares to record levels. Japan’s Nikkei 225 was up 0.68% by 10:19 PM ET (2:19 AM GMT). The Tokyo Core Consumer Price Index was at 0% in June year-on-year, but above the 0.1% contraction in forecasts prepared by and the 0.2% contraction in the same month in 2020. South Korea’s KOSPI jumped 0.76%. In Australia, the ASX 200 rose 0.38%. Hong Kong’s Hang Seng Index increased 0.57%. China’s Shanghai Composite was up 0.21% while the Shenzhen Component rose 0.56%. The…

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Forex Analysis 

Dollar Down Over Higher-Than-Expected Inflation Data

By Administrator_ India Capital Sands The dollar was down on Friday morning in Asia after the U.S. posted higher-than-expected inflation data in May. The USD/JPY pair inched up 0.08% to 109.40, with a new analysis saying another COVID-19 surge could come in Japan with or without the Olympics. The AUD/USD pair inched up 0.04% to 0.7755 as Australia is working on a quarantine-free travel corridor with Singapore. Across the Tasman Sea, the NZD/USD pair inched down 0.01% to 0.7195. The USD/CNY pair edged down 0.10% to 6.3865. The GBP/USD pair inched up 0.06% to 1.4182. Investors will be monitoring the…

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India Reports 94,052 New COVID-19 Cases India 

India Reports 94,052 New COVID-19 Cases

By Administrator_ India Capital Sands India reported 94,052 new COVID-19 cases and 6148 new deaths today. The country has so far reported a total of 2,91,83,121 cases and 3,59,676 deaths. India’s test positivity rate (positive cases identified for every 100 tests) continues to decline. It stands at 4.69 percent, the third straight day that it is below the 5 per cent-mark. Tamil Nadu reported 17,321 infections, followed by Kerala (16,204) Maharashtra (10,989) and Karnataka (10,959). The Nitish Kumar government on Wednesday reported that the number of deaths across the state…

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Asian Stocks Up, but Inflation Concerns Re-Emerge

By Administrator_ India Capital Sands Asia Pacific stocks were mostly up Monday morning, with volumes thin over the closure of two major markets in the region and re-emerging inflation concerns. Chinese and Japanese markets are closed for a holiday. In Australia, the ASX 200 edged up 0.14% by 10:30 PM ET (2:30 AM GMT), ahead of the Reserve Bank of Australia’s policy decision due to be handed down on Tuesday. April’s Australian Industry Group manufacturing index, released earlier in the day, was at 61.7, higher than March’s 59.9 reading. South Korea’s KOSPI inched up 0.05% while Hong…

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Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand Commodity 

Oil prices extend gains as demand outlook offsets India concerns

By Administrator_ India Capital Sands Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan, and Brazil. Brent crude for June edged up 8 cents, or 0.1%, to $67.35 a barrel by 0104 GMT while U.S. West Texas Intermediate crude for June was at $63.98 a barrel, up 12 cents, or 0.2%. OPEC, Russia, and their allies, a group known as OPEC+, stuck to their plans for a gradual easing of…

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India's Covaxin vaccine 'very important antidote' against Covid Coronavirus News 

India’s Covaxin vaccine ‘very important antidote’ against Covid

By Administrator_ India Capital Sands Covaxin, India’s home-grown COVID-19 vaccine, has been found to neutralize the 617 variant of the deadly virus, White House chief medical adviser and America’s top pandemic expert Dr. Anthony Fauci said in Washington. Fauci was speaking to reporters during a conference call on Tuesday. “This is something where we’re still gaining data on a daily basis. But the most recent data was looking at convalescent Sera of COVID-19 cases and people who received the vaccine used in India, the Covaxin. It was found to neutralize…

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India logs 332503 new cases; 2256 deaths amid Oxygen woes India 

India logs 332503 new cases; 2256 deaths amid Oxygen woes

By Administrator_ India Capital Sands India reported 332,503 fresh coronavirus infections on Friday, taking the cumulative caseload to 16,257,309, Worldometer showed this morning. This is the first time any country has recorded over 300,000 cases in just 24 hours. Amid oxygen shortage and the faltering health system in the country, India saw 2,256 deaths in the highest single-day spike. The death toll from the deadly infection stands at 186,928. The country now has more than 2.4 million active cases. Amid the unprecedented Covid situation in the country, Prime Minister Narendra…

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No need for lockdown India 

No need for lockdown, focus on Covid-19 tests: PM Narendra Modi to CMs

By Administrator_ India Capital Sands Conceding that India was in the grip of a serious public health crisis that had surpassed the first wave of the Covid-19 pandemic, Prime Minister Narendra Modi on Thursday urged state governments to test more even if that meant higher reporting of the infection. Armed with the experience of managing the first wave, better health infrastructure, and a locally manufactured vaccine, lockdowns should be avoided altogether, the PM told chief ministers at the virtual meet on Covid. “In the last phase of the infection, we had to…

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Stock Market 

Maharashtra Covid-19 curbs sink markets; Sensex falls over 1,400 points

By Administrator_ India Capital Sands Domestic stocks dropped on Monday following the imposition of strict restrictions in Maharashtra to contain the spread of Covid-19 infections, with investors fearing that the resurgence in virus cases could dent the economic recovery and hurt corporate earnings. The benchmark Sensex fell as much as 1,449 points, or 2.9 percent, in intra-day trade. The index settled at 49,159, logging a loss of 870 points, or 1.7 percent. The Nifty 50 index closed at 14,638, down 229 points, or 1.5 percent. Both the indices fell the most since March 24.…

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